# Vulcan Materials (VMC.US)

Canonical: https://gigainvestors.com/s/VMC

Analysis as of: 2026-10-16T07:32:53.914Z. Financial observations: FY1996–FY2026.

Listing currency: USD. Reporting currency: USD.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $252.40 per share; close as of 2026-10-15.

Estimated value: low $99.33 per share, central $136.57 per share, high $160.10 per share. Buy at or below the central value $136.57 per share. Valuation as of 2026-10-16T07:32:53.914Z; scenarios are not confidence intervals.

Expected annual return: 6.8% at the stated quote. About 6.8% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- 2 revenue declines in the last 10 years (informational)

- Financial history: 10 years

- Years with declining revenue: 2

- Years with a net loss: 0

- Operating margin variation: 0.11×

Chart: Operating margin; fiscal year observations.

- FY2017: 0.16×

- FY2018: 0.17×

- FY2019: 0.18×

- FY2020: 0.18×

- FY2021: 0.18×

- FY2022: 0.13×

- FY2023: 0.18×

- FY2024: 0.18×

- FY2025: 0.20×

- LTM to Jun 2026: 0.20×

### moat: fail

- ROIC median below threshold

- ROIC, median of available years: 12.8%

- ROIC, second-lowest year: 10.9%

- Typical minus recent gross margin: -1.8 pp

- Typical gross margin (annual median): 25.5%

- Recent gross margin (lower of latest and 3-year median): 27.3%

- Years with nonpositive capital: 0

- Capital spending / revenue: 8.5%

- ROIC including acquisitions, ten-year median: 7.1%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2017: 13.0%

- FY2018: 12.7%

- FY2019: 13.5%

- FY2020: 13.2%

- FY2021: 10.9%

- FY2022: 9.5%

- FY2023: 14.6%

- FY2024: 11.2%

- FY2025: 12.7%

- LTM to Jun 2026: 13.7%

### economics: pass

- Owner earnings / net income, 5-yr: 1.02×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $4.3B

- Net income, five-year total: $4.2B

- Return on incremental invested capital: 80.4%

- Working capital / revenue, annual change: -0.5 pp

- Working capital / revenue, change between three-year averages: -4.0 pp

- Working capital / revenue, final three-year average: 14.8%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.00×

- FY2022: 1.00×

- FY2023: 1.00×

- FY2024: 1.03×

- FY2025: 1.07×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 13.0% vs 12.7%

- Per-share earnings: 3.09 to 6.98 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: -0.2%

- Ordinary dilution, 5-year annual growth: -0.1%

- Market cap gain: $21B

- Cumulative retained earnings: $3.8B

- Diluted shares, 10-year annual growth: -0.2%

- Diluted shares, 5-year annual growth: -0.1%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: 10.7%

- Per-share value change: $3.89

- Per-share value, starting three-year median: $3.09

- Per-share value, ending three-year median: $6.98

- Buybacks concentrated in cheaper years (correlation): 0.22

- Average buyback yield: 0.5%

- Buyback history: 10 years

- Debt-funded buybacks: No

- Acquisition spending: $2.3B

- Cumulative net income, 10 years: $6.9B

- ROIC, first three-year median: 13.0%

- ROIC, last three-year median: 12.7%

Chart: Earnings per share; fiscal year observations.

- FY2016: $3.09

- FY2017: $4.46

- FY2018: $3.85

- FY2019: $4.63

- FY2020: $4.39

- FY2021: $5.02

- FY2022: $4.31

- FY2023: $6.98

- FY2024: $6.85

- FY2025: $8.15

### accounting: pass

- Sloan accruals: -4.4%

- Receivables to sales index (DSRI): 0.93×

- Restructuring years, last five: 1

- Stock compensation / operating cash flow: 3.5%

- Earnings backed by cash: Yes

- Operating cash / earnings: 1.68×

- Accounting red flags: 0

- Goodwill and intangibles / equity: 0.62×

Chart: Sloan accruals; fiscal year observations.

- FY2016: -2.7%

- FY2017: -0.5%

- FY2018: -3.2%

- FY2019: -3.4%

- FY2020: -4.2%

- FY2021: -2.5%

- FY2022: -4.0%

- FY2023: -4.1%

- FY2024: -2.9%

- FY2025: -4.4%

## Holders

- [David Hoeft](https://gigainvestors.com/DAC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [John Armitage](https://gigainvestors.com/EC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Thomas Russo](https://gigainvestors.com/GR): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Wallace Weitz](https://gigainvestors.com/WIM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Lee Ainslie](https://gigainvestors.com/mc): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Chris Hohn](https://gigainvestors.com/tci): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Price needs cash profits to grow 13.4% a year for ten years · sales +2.2%

Story as of 2026-10-16T09:59:48.599Z; price observation 2026-10-15.

Price needs cash profits to grow 13.4% a year for ten years

- 2025-04-30: Vulcan Materials (NYSE:VMC) Reports US$129 Million Net Income With 6% Sales Increase ([finance.yahoo.com](https://finance.yahoo.com/news/vulcan-materials-nyse-vmc-reports-174400662.html))

- 2025-05-14: VMC Q1 Earnings Call: Profitability Gains Offset Revenue Miss Amid Mixed Market Demand ([finance.yahoo.com](https://finance.yahoo.com/news/vmc-q1-earnings-call-profitability-113650615.html))

- 2025-07-31: Vulcan Materials reaffirms $2.35B-$2.55B adjusted EBITDA guidance as public demand accelerates ([seekingalpha.com](https://seekingalpha.com/news/4475845-vulcan-materials-reaffirms-2_35b-2_55b-adjusted-ebitda-guidance-as-public-demand-accelerates?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

- 2026-02-17: Vulcan Materials (NYSE:VMC) Misses Q4 CY2025 Revenue Estimates, Stock Drops ([finance.yahoo.com](https://finance.yahoo.com/news/vulcan-materials-nyse-vmc-misses-122002987.html))

- 2026-03-09: Vulcan Materials Outlook Tested As Q4 Miss Fuels Demand Concerns ([finance.yahoo.com](https://finance.yahoo.com/news/vulcan-materials-outlook-tested-q4-211224674.html))

- 2026-07-29: Vulcan reiterates $2.4B-$2.6B adjusted EBITDA outlook as it flags nearly $40M energy headwinds ([seekingalpha.com](https://seekingalpha.com/news/4620748-vulcan-reiterates-2_4b-2_6b-adjusted-ebitda-outlook-as-it-flags-nearly-40m-energy-headwinds?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news))

### Sales · FY2025–2026

sales +2.2%; source https://www.sec.gov/Archives/edgar/data/1396009/000162828026009546/vmc-20251231.htm; observed 2026-02-19.

- FY2017: $3.9B 

- FY2018: $4.4B 

- FY2019: $4.9B 

- FY2020: $4.9B 

- FY2021: $5.6B 

- FY2022: $7.3B 

- FY2023: $7.8B 

- FY2024: $7.4B 

- FY2025: $7.9B 

- FY2026: $8.1B 

### Gross margin · FY2026

gross margin 27.4%; source https://www.sec.gov/Archives/edgar/data/1396009/000162828026009546/vmc-20251231.htm; observed 2026-02-19.

- FY2017: 25.5% 

- FY2018: 25.1% 

- FY2019: 25.5% 

- FY2020: 26.4% 

- FY2021: 24.7% 

- FY2022: 21.3% 

- FY2023: 25.0% 

- FY2024: 27.0% 

- FY2025: 27.3% 

- FY2026: 27.4% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in building materials; annual sales are USD 7.9 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1396009/000162828026009546/vmc-20251231.htm (filed 2026-02-19); FY2025: revenue 7932800000; grossProfit 2166000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); VMC.US: Vulcan Materials Company produces and supplies construction aggregates in the United States. It operates through three segments: Aggregates, Asphalt, and Concrete. The company provides crushed stone, sand and gravel, sand, and other aggregates for use in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities; aggregates that are used as ballast for construction and maintenance of railroad tracks; riprap and jetty stones for use in erosion control along roads and waterways; asphalt mix; asphalt construction paving services; and ready-mixed concrete products. The company was formerly known as Virginia Holdco, Inc. and changed its name to Vulcan Materials Company. Vulcan Materials Company was founded in 1909 and is headquartered in Birmingham, Alabama.

### Why customers stay

Margins ranged from 25% to 27.3% during 2023–25; it earns 12.8% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2023: grossProfit / revenue = 25%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2024: grossProfit / revenue = 27%.

- Source: https://www.sec.gov/Archives/edgar/data/1396009/000162828026009546/vmc-20251231.htm (filed 2026-02-19); FY2025: grossProfit / revenue = 27.3%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); 10-year return on capital observations [[2017,0.13015706778557376],[2018,0.12652401959342865],[2019,0.13461037248640867],[2020,0.13246743176674014],[2021,0.10921368751328372],[2022,0.0945063616045107],[2023,0.14639386231994256],[2024,0.11165389559092732],[2025,0.12669715036835702],[2026,0.13733738585247768]]; median 0.1284271090769654. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Can it raise prices

"Shipments decreased 1%, and pricing increased 2.3%, or $1.84 per ton." (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1396009/000162828026009546/vmc-20251231.htm (filed 2026-02-19); Shipments decreased 1%, and pricing increased 2.3%, or $1.84 per ton.

### Where the cash goes

Paid dividends in 10 of 10 years; bought back USD 438.4 million of shares.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2016: growth capex 65208000; upkeep 284940000; owner earnings 419491000. Growth capex / owner earnings = 0.15544552803278258.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2017: growth capex 153601000; upkeep 305965000; owner earnings 601185000. Growth capex / owner earnings = 0.25549705997321953.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2018: growth capex 122842000; upkeep 346246000; owner earnings 515805000. Growth capex / owner earnings = 0.23815589224610076.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2019: growth capex 9494000; upkeep 374600000; owner earnings 617662000. Growth capex / owner earnings = 0.015370866266663645.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2020: growth capex 0; upkeep 362194000; owner earnings 619106000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2021: growth capex 32600000; upkeep 418700000; owner earnings 670800000. Growth capex / owner earnings = 0.048598688133571856.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2022: growth capex 39200000; upkeep 573400000; owner earnings 575600000. Growth capex / owner earnings = 0.06810284920083391.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2023: growth capex 255600000; upkeep 617000000; owner earnings 933200000. Growth capex / owner earnings = 0.2738962708958423.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); FY2024: growth capex 0; upkeep 603500000; owner earnings 940600000. Growth capex / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/1396009/000162828026009546/vmc-20251231.htm (filed 2026-02-19); FY2025: growth capex 0; upkeep 677700000; owner earnings 1151800000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); Dividend observations: [[2016,106333000],[2017,132335000],[2018,148109000],[2019,163973000],[2020,180216000],[2021,196400000],[2022,212600000],[2023,228400000],[2024,244400000],[2025,259800000]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1396009/000162828026009546/vmc-20251231.htm (filed 2026-02-19); FY2025: cash repurchases 438400000 USD.

### Are managers owners

Insiders own 0.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); VMC.US SharesStats.PercentInsiders = 0.231 percentage points; cache date 2026-10-16.

### What could break it

"Our long-term success depends upon securing and permitting aggregates reserves in strategically located areas" (SEC filing, Feb 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1396009/000162828026009546/vmc-20251231.htm (filed 2026-02-19); Our long-term success depends upon securing and permitting aggregates reserves in strategically located areas

### What the price says

The price assumes cash profits grow 13.4% yearly over ten years; actual growth was 18.2%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-19); Ten-year compound average after fade. Initial solved rate 0.1798271101050687. Price 252.4; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share 1.6372202852849518 → FY2025 8.67972871137905. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $113.20 per share

- 2016-11: $125.65 per share

- 2016-12: $125.15 per share

- 2017-01: $128.33 per share

- 2017-02: $120.61 per share

- 2017-03: $120.48 per share

- 2017-04: $120.88 per share

- 2017-05: $124.65 per share

- 2017-06: $126.68 per share

- 2017-07: $123.12 per share

- 2017-08: $121.26 per share

- 2017-09: $119.60 per share

- 2017-10: $121.75 per share

- 2017-11: $125.65 per share

- 2017-12: $128.37 per share

- 2018-01: $135.40 per share

- 2018-02: $117.73 per share

- 2018-03: $114.17 per share

- 2018-04: $111.69 per share

- 2018-05: $127.74 per share

- 2018-06: $129.06 per share

- 2018-07: $112.00 per share

- 2018-08: $110.80 per share

- 2018-09: $111.20 per share

- 2018-10: $101.14 per share

- 2018-11: $105.71 per share

- 2018-12: $98.80 per share

- 2019-01: $101.65 per share

- 2019-02: $111.46 per share

- 2019-03: $118.40 per share

- 2019-04: $126.11 per share

- 2019-05: $124.91 per share

- 2019-06: $137.31 per share

- 2019-07: $138.35 per share

- 2019-08: $141.25 per share

- 2019-09: $151.24 per share

- 2019-10: $142.87 per share

- 2019-11: $141.87 per share

- 2019-12: $143.99 per share

- 2020-01: $141.63 per share

- 2020-02: $120.26 per share

- 2020-03: $108.07 per share

- 2020-04: $112.97 per share

- 2020-05: $108.32 per share

- 2020-06: $115.85 per share

- 2020-07: $117.42 per share

- 2020-08: $120.00 per share

- 2020-09: $135.54 per share

- 2020-10: $144.84 per share

- 2020-11: $139.65 per share

- 2020-12: $148.31 per share

- 2021-01: $149.14 per share

- 2021-02: $166.99 per share

- 2021-03: $168.75 per share

- 2021-04: $178.24 per share

- 2021-05: $183.32 per share

- 2021-06: $174.07 per share

- 2021-07: $179.99 per share

- 2021-08: $185.93 per share

- 2021-09: $169.16 per share

- 2021-10: $190.12 per share

- 2021-11: $191.64 per share

- 2021-12: $207.58 per share

- 2022-01: $190.31 per share

- 2022-02: $181.45 per share

- 2022-03: $183.70 per share

- 2022-04: $172.29 per share

- 2022-05: $164.87 per share

- 2022-06: $142.10 per share

- 2022-07: $165.33 per share

- 2022-08: $166.49 per share

- 2022-09: $157.71 per share

- 2022-10: $163.70 per share

- 2022-11: $183.33 per share

- 2022-12: $175.11 per share

- 2023-01: $183.33 per share

- 2023-02: $180.91 per share

- 2023-03: $171.56 per share

- 2023-04: $175.12 per share

- 2023-05: $195.50 per share

- 2023-06: $225.44 per share

- 2023-07: $220.50 per share

- 2023-08: $218.25 per share

- 2023-09: $202.02 per share

- 2023-10: $196.49 per share

- 2023-11: $213.56 per share

- 2023-12: $227.01 per share

- 2024-01: $226.01 per share

- 2024-02: $265.85 per share

- 2024-03: $272.92 per share

- 2024-04: $257.63 per share

- 2024-05: $255.77 per share

- 2024-06: $248.68 per share

- 2024-07: $274.51 per share

- 2024-08: $245.21 per share

- 2024-09: $250.43 per share

- 2024-10: $273.93 per share

- 2024-11: $288.13 per share

- 2024-12: $257.23 per share

- 2025-01: $274.15 per share

- 2025-02: $247.31 per share

- 2025-03: $233.30 per share

- 2025-04: $262.33 per share

- 2025-05: $265.07 per share

- 2025-06: $260.82 per share

- 2025-07: $274.67 per share

- 2025-08: $291.16 per share

- 2025-09: $307.62 per share

- 2025-10: $289.50 per share

- 2025-11: $297.24 per share

- 2025-12: $285.22 per share

- 2026-01: $300.54 per share

- 2026-02: $310.00 per share

- 2026-03: $272.30 per share

- 2026-04: $301.74 per share

- 2026-05: $282.92 per share

- 2026-06: $295.01 per share

- 2026-07: $268.57 per share

- 2026-08: $269.58 per share

- 2026-09: $244.63 per share

- 2026-10: $243.54 per share

## Annual estimated value (USD per share)

- FY2016: low $20.24 per share, central $22.84 per share, high $26.30 per share

- FY2017: low $27.80 per share, central $31.57 per share, high $36.59 per share

- FY2018: low $41.77 per share, central $47.53 per share, high $55.19 per share

- FY2019: low $48.83 per share, central $55.38 per share, high $64.10 per share

- FY2020: low $66.04 per share, central $84.86 per share, high $97.93 per share

- FY2021: low $67.05 per share, central $88.89 per share, high $103.90 per share

- FY2022: low $89.76 per share, central $127.74 per share, high $150.01 per share

- FY2023: low $101.25 per share, central $141.92 per share, high $165.68 per share

- FY2024: low $92.42 per share, central $127.53 per share, high $149.10 per share

- FY2025: low $94.86 per share, central $130.43 per share, high $152.92 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:38:39.612Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1396009/000162828026009546/vmc-20251231.htm); period 2025-12-31, filed 2026-02-19.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [David Hoeft](https://gigainvestors.com/DAC): 24,000 VMC shares; USD 7,080,000 reported position value; 0% of portfolio; hold; quarter 2026 Q2.
- [John Armitage](https://gigainvestors.com/EC): 1,971,694 VMC shares; USD 581,669,000 reported position value; 5.62% of portfolio; add; quarter 2026 Q2.
- [Thomas Russo](https://gigainvestors.com/GR): 7,263 VMC shares; USD 2,143,000 reported position value; 0.02% of portfolio; hold; quarter 2026 Q2.
- [Wallace Weitz](https://gigainvestors.com/WIM): 203,800 VMC shares; USD 60,123,000 reported position value; 4.16% of portfolio; reduce; quarter 2026 Q2.
- [Lee Ainslie](https://gigainvestors.com/mc): 637,264 VMC shares; USD 187,999,000 reported position value; 1.7% of portfolio; new; quarter 2026 Q2.
- [Chris Hohn](https://gigainvestors.com/tci): 2,447,004 VMC shares; USD 721,891,000 reported position value; 1.37% of portfolio; new; quarter 2026 Q2.

# VMC — Vulcan Materials

Held by 6 investors · USD 1,560,905,000 total · 2026 Q2 · reported price USD 295.01 (split-adjusted).
Page: https://gigainvestors.com/s/VMC

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Chris Hohn (https://gigainvestors.com/tci) | USD 721,891,000 | 1.4% | new |
| John Armitage (https://gigainvestors.com/EC) | USD 581,669,000 | 5.6% | add +11.44% |
| Lee Ainslie (https://gigainvestors.com/mc) | USD 187,999,000 | 1.7% | new |
| Wallace Weitz (https://gigainvestors.com/WIM) | USD 60,123,000 | 4.2% | reduce -4.86% |
| Stephen Mandel (https://gigainvestors.com/LPC) | USD 39,259,942 | 0.0% | sold |
| David Hoeft (https://gigainvestors.com/DAC) | USD 7,080,000 | 0.0% | hold |
| Thomas Russo (https://gigainvestors.com/GR) | USD 2,143,000 | <0.1% | hold |

## Total held by quarter

- 2008 Q4: USD 5,514,215 · 1 holder · USD 69.58
- 2009 Q1: USD 3,482,622 · 1 holder · USD 44.28
- 2009 Q2: USD 3,368,265 · 1 holder · USD 43.10
- 2009 Q3: USD 3,159,040 · 1 holder · USD 54.07
- 2009 Q4: USD 3,010,836 · 1 holder · USD 52.66
- 2010 Q1: USD 2,314,069 · 1 holder · USD 47.25
- 2010 Q2: USD 1,428,088 · 1 holder · USD 43.84
- 2010 Q3: USD 929,041 · 1 holder · USD 36.94
- 2010 Q4: USD 589,988 · 1 holder · USD 44.36
- 2011 Q1: USD 605,948 · 1 holder · USD 45.56
- 2011 Q2: USD 1,500,170 · 1 holder · USD 38.54
- 2011 Q3: USD 955,990 · 1 holder · USD 27.57
- 2011 Q4: USD 1,606,056 · 1 holder · USD 39.34
- 2012 Q1: USD 85,000 · 1 holder · USD 42.50
- 2012 Q2: USD 79,000 · 1 holder · USD 39.50
- 2012 Q3: USD 0 · 0 holders
- 2012 Q4: USD 0 · 0 holders
- 2013 Q1: USD 0 · 0 holders
- 2013 Q2: USD 0 · 0 holders
- 2013 Q3: USD 0 · 0 holders
- 2013 Q4: USD 0 · 0 holders
- 2014 Q1: USD 0 · 0 holders
- 2014 Q2: USD 0 · 0 holders
- 2014 Q3: USD 38,442,400 · 1 holder · USD 60.23
- 2014 Q4: USD 185,802,409 · 1 holder · USD 65.73
- 2015 Q1: USD 311,192,017 · 2 holders · USD 84.30
- 2015 Q2: USD 451,456,365 · 2 holders · USD 83.93
- 2015 Q3: USD 325,422,829 · 2 holders · USD 89.20
- 2015 Q4: USD 333,282,400 · 2 holders · USD 94.97
- 2016 Q1: USD 472,577,877 · 2 holders · USD 105.57
- 2016 Q2: USD 477,307,680 · 2 holders · USD 120.36
- 2016 Q3: USD 607,756,562 · 3 holders · USD 113.73
- 2016 Q4: USD 724,570,699 · 3 holders · USD 125.15
- 2017 Q1: USD 316,281,049 · 2 holders · USD 120.48
- 2017 Q2: USD 220,702,350 · 2 holders · USD 126.68
- 2017 Q3: USD 86,800,643 · 2 holders · USD 119.60
- 2017 Q4: USD 1,891,037 · 1 holder · USD 128.38
- 2018 Q1: USD 2,149,056 · 1 holder · USD 114.19
- 2018 Q2: USD 7,080,135 · 1 holder · USD 129.07
- 2018 Q3: USD 6,162,148 · 1 holder · USD 111.20
- 2018 Q4: USD 5,314,902 · 1 holder · USD 98.79
- 2019 Q1: USD 507,977,677 · 2 holders · USD 118.40
- 2019 Q2: USD 563,514,754 · 2 holders · USD 137.32
- 2019 Q3: USD 544,445,095 · 2 holders · USD 151.24
- 2019 Q4: USD 558,813,248 · 2 holders · USD 143.99
- 2020 Q1: USD 204,211,773 · 2 holders · USD 108.07
- 2020 Q2: USD 8,204,719 · 2 holders · USD 115.84
- 2020 Q3: USD 341,438,016 · 2 holders · USD 135.54
- 2020 Q4: USD 260,341,386 · 3 holders · USD 148.31
- 2021 Q1: USD 178,705,913 · 2 holders · USD 168.76
- 2021 Q2: USD 12,042,104 · 2 holders · USD 174.07
- 2021 Q3: USD 121,667,973 · 3 holders · USD 169.16
- 2021 Q4: USD 192,853,859 · 2 holders · USD 207.58
- 2022 Q1: USD 53,417,084 · 2 holders · USD 183.70
- 2022 Q2: USD 8,794,143 · 1 holder · USD 142.10
- 2022 Q3: USD 8,738,238 · 1 holder · USD 157.71
- 2022 Q4: USD 9,658,866 · 1 holder · USD 175.10
- 2023 Q1: USD 66,798,945 · 2 holders · USD 171.56
- 2023 Q2: USD 80,956,771 · 2 holders · USD 225.44
- 2023 Q3: USD 71,899,524 · 2 holders · USD 202.02
- 2023 Q4: USD 74,000,687 · 2 holders · USD 227.01
- 2024 Q1: USD 83,210,764 · 3 holders · USD 272.91
- 2024 Q2: USD 62,137,675 · 3 holders · USD 248.68
- 2024 Q3: USD 60,036,094 · 3 holders · USD 250.43
- 2024 Q4: USD 60,982,814 · 3 holders · USD 257.23
- 2025 Q1: USD 59,453,339 · 3 holders · USD 233.30
- 2025 Q2: USD 64,229,890 · 3 holders · USD 260.82
- 2025 Q3: USD 501,827,702 · 4 holders · USD 307.63
- 2025 Q4: USD 823,206,889 · 5 holders · USD 285.22
- 2026 Q1: USD 587,857,084 · 5 holders · USD 272.30
- 2026 Q2: USD 1,560,905,000 · 6 holders · USD 295.01